Thomson Reuters (TRI) has an $8B war chest to spend on acquisitions and investments in artificial intelligence, CEO Steve Hasker tells the Financial Times, Daniel Thomas and Andrew Edgecliffe-Johnson report. Hasker says the group has “tremendous financial firepower” to expand across AI-driven professional services and information as it plans to sell the rest of its holding in the London Stock Exchange Group (LNSTY).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TRI:
- Thomson Reuters to host investor day
- Thomson Reuters Releases 2023 Annual Report
- JPMorgan business/info services analysts hold analyst/industry conference call
- Thomson Reuters Successful Acquisition of Pagero Paves the Way for Significant Growth Opportunities
- Buy/Sell: Wall Street’s top 10 stock calls this week
